This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Worst Home Renovation Projects

Stocks in this article: HD

BOSTON ( TheStreet) -- A new bathroom or roof can make your home a lot more pleasant, but don't expect to recover its cost when you sell.

That's because a recent analysis by Remodeling magazine and the National Association of Realtors found that none of 35 upgrades studied will boost your home's value enough to cover the job's nationwide average price.

"You can easily put something in that a buyer is just going to want to rip out," says Judy Moore, a suburban Boston real estate agent and National Association of Realtors board member.

The Remodeling 2012-13 Cost vs. Value Report compares estimated project prices in 81 U.S. markets with how 3,900 Realtors predict a given upgrade will affect a property's value.

While researchers found that some projects offer 100% return on investment or better in certain markets, none do so on a nationwide basis.

We looked recently at the five upgrades that Remodeling found offer the best ROIs. Below is a look at the five that researchers believe offer the worst.

Creating a home office
Projected return on investment: 43.6%

Moore says that while some house-hunters appreciate an elaborate home office, "it's an individual preference. Many people will just use the kitchen table, the basement or an extra bedroom as home offices."

Remodeling estimates that you'll recoup less than half of the $27,300 you'll spend to convert an existing 12-foot-by-12-foot room into a home office with custom cabinets, a 20-foot desktop, a computer workstation, carpeting and communications lines.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs